patrick-rishe2014Dr. Patrick Rishe, Economics Professor at Webster University’s George Herbert Walker School of Business, earned his fifth publication of 2014 for the paper, “Secondary Market Behavior during College Football’s Postseason: Evidence from the 2014 Rose Bowl and BCS Championship Game”.  The paper was co-authored with Dr. Brett Boyle of Saint Louis University and Dr. Jason Reese of Stephen F. Austin University. Their paper will appear in the International Journal of Sport Finance. Earlier works by Rishe in 2014 appeared in Sport Marketing Quarterly and the International Journal of Sport and Society.

In addition to these publication successes, Dr. Rishe’s consulting firm, Sportsimpacts, is currently engaged in Economic Impact Studies for the City of Williamsburg VA, the 2014 Quick Lane Bowl in Detroit, and the 2015 Michigan Boys and Girls State Basketball Championships.  

A recognized expert in the field of sports economics, Rishe continued his recent string of high-profile media engagements with an appearance on CNBC’s “Squawk Box” on November 20.  The discussion centered around recent debate regarding the merits of widespread legalization of sports betting.

Join us in congratulating Professor Rishe on these accomplishments by tweeting him@DrPatSportsBiz.

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bjccohortsmallWebster University and BJC Healthcare hosted a recognition luncheon in honor of the first Master of Healthcare Administration (MHA) cohort graduates on Monday, December 15, 2014 at the BJC Learning Institute.  This group of students began their program in January of 2012 meeting once a week at the Institute.

At the recognition luncheon, 17 graduates were honored. Russell Hoffmann III, Ph.D., Executive Director of Learning and Organizational Effectiveness for BJC HealthCare, welcomed the graduates and guests, congratulating them on a significant accomplishment.

Benjamin Ola Akande PhD., Dean of the George Herbert Walker School of Business & Technology and Webster University’s Chief of Corporate Partnerships, presented the keynote speech. Dean Akande challenged everyone, “As you look ahead, may you be bold enough to clear your own pathway and may you muster the courage to find your arch.”

The Webster University MHA program is designed to help develop management and leadership skills while advancing an understanding of the health care delivery system. Students study topics in such areas as health administration law, health care financial management, human resources management and statistics. The cohort format has enabled BJC employees from across the organization to learn and share in a classroom setting.

Webster University offers MHA, MBA, MSN and RN-BSN cohort opportunities plus preferred tuition rates at BJC Healthcare through the Office of Corporate Partnerships. More information on how to apply can be found online here.

The Center for Lifelong Learning at BJC partners with local universities to offer 14 degree programs including the MHA, MBA, MSN and RN-BSN with Webster University. More information can be found online here.  

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Walker Speaker Series on HECTV

On December 4, 2014, in Announcements, Speakers, by Walker News

sslogoEach month, episodes from the Walker Speaker Series air on HECTV, St. Louis’ leading producer of education and arts television.  These episodes can be found on:

Charter Cable (In St. Louis City & County)
Channel 989 (with converter box)
Channel 108.26 or 118.26 (for digital TV’s)

AT&T U-verse
Channel 99

On Air
Channel 2.2

In addition to airing on HECTV, past presentations from the Walker Speaker Series are viewable on the Walker School’s website.  Browse the list of past Speaker Series presenters for insights on leadership, transformation, innovation and more.

In December, the following episodes will air on HECTV:

Globalization and Careers – Dec. 2 and Dec. 30 at 6 p.m.; Dec. 5 at 8 p.m.

What Made a Lawyer Decide to Start a Brewery – Dec. 9 at 6 p.m.; Dec. 12 at 8 p.m.

Research and Innovation:  Using Knowledge to Create Change – Dec. 16 at 6 p.m.; Dec. 19 at 8 p.m.

When You’ve Visited Every Country:  Tales from the Ultimate Globetrotter – Dec. 23 at 6 p.m.; Dec. 26 at 8 p.m.

 

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Give Small Business Big Gains

On November 26, 2014, in In the News, St. Louis Business Community, by Walker News

Owner, PhotographerIn the latest edition of Ladue News, Benjamin Ola. Akande, dean of the Walker School, shares his perspective on the benefits of shopping small this holiday season.

 

 

 

Connect the Dots: Give Small Business Big Gains

For The Alpine Shop, a retail establishment that specializes in backpacking and camping gear, Small Business Saturday, or the Saturday after Thanksgiving, has become the official kick-off day for holiday shopping. To entice customers, The Alpine Shop, which has stores in Kirkwood, Chesterfield and O’Fallon, Illinois, works with suppliers to drop prices on popular brands by as much as 30 percent.

Traditionally, many big suppliers wait until the week before Christmas to drop prices, but The Alpine Shop’s strategy has paid off handsomely. In recent years, the chain has doubled its sales and attracted twice as many customers during Small Business Days as on Black Fridays.

Millions of small businesses around the country are discovering that Small Business Saturday is a great way to kick-off the holiday shopping season. It also is a wonderful way for customers to support local small business and help boost their city’s economy.

In 2012, consumers spent $5.5 billion at local small businesses and restaurants on Small Business Saturday, according to a survey conducted by American Express and the National Federation of Independent business, a Washington, D.C. trade association.

When you shop at a small business, there’s a good chance you’re supporting a neighbor, friend, church member or old schoolmate. There’s also a good chance you’re helping create job opportunities in your community. In effect, by spending with a local business, you are more likely to have an immediate and meaningful impact on your local community than if you spend with a big-box, multi-national retailer that’s susceptible to the whims of Wall Street.

Small businesses, defined by the U.S. Small Business Administration (SBA) as enterprises with fewer than 500 employees, are the engine of our nation’s economy. They are the biggest job-creators and account for half of the private sector GDP. According to the SBA, in 2011, there were 28.2 million small businesses in the U.S. Small businesses accounted for 63 percent of net new jobs created between 1993 and 2013, and 60 percent of new jobs created after the recession, according to the SBA.

This year, several business districts in the Greater St. Louis region are hosting an array of events to promote small businesses in their communities prior to Small Business Days and throughout the holiday season. On Nov. 29, the City of St. Louis will host a St. Louis Holiday Magic festival, an event that will feature a variety of entertainment and shopping. Several exhibitors will be in attendance, including vendors who will offer gift ideas.

Maplewood and Brentwood have posted Small Business Saturday events on their websites. At many of these events, the downtown boutiques and restaurants of these cities will offer gifts, drawings, treats and discounts.

But supporting local businesses shouldn’t just be confined to festive time, even though most businesses make the bulk of their revenues during that period; it ought to be a year-round endeavor.

For this forthcoming Small Business Day, local small businesses should endeavor to draw customers in with head-turning decorations and aggressive online media promotion. Once inside, they should cultivate them by offering great products and service, coupons, refreshments and opportunities to win gifts. They also should strive to engage customers year-round.

This way, the customer, small business and the community win.

notabene2014Notabene 2014, the Walker School’s annual magazine, has received silver-level recognition from the Council for Advancement and Support of Education (CASE). The 2014 edition of Notabene is entitled, “Finding Our Arch,” and the stories in this edition highlight the accomplishments of Walker School students, faculty and alumni from around the world. View the 2014 edition of Notabene.

“Finding Our Arch” was among 442 entries submitted for consideration in CASE District VI’s Institutional Awards Program. This awards program showcases best practices in alumni relations, fundraising, public/government relations, advancement services, special events and outstanding communications. CASE District VI represents professionals and institutions in the Midwest region, including: Colorado, Iowa, Kansas, Missouri, Nebraska, North Dakota, South Dakota and Wyoming. Experts from all disciplines throughout the district judge the entries.

Gina Tarte, director of communications for the Walker School, wrote and edited the publication, Michael Kilfoy, owner of StudioX, designed the publication, and Rebecca Barr, owner of TuSquare Studio, provided the photography.

CASE District VI will recognize the Walker School’s annual magazine on January 12 at the Higher Expectations Conference in Denver, Colorado. Learn more about CASE District VI.

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Professor Rishe’s Research Selected for Publication

On November 24, 2014, in In the News, by Walker News
patrick-rishe2014

Patrick Rishe, PhD
Professor of Economics

Patrick Rishe, PhD, professor of economics at Webster University’s George Herbert Walker School of Business, has earned his fourth publication of 2014 for the paper, “How Event Significance, Pent-up Demand, Playoff Saturation and Fan Euphoria Can Impact Baseball’s Postseason Secondary Market Behavior.” Rishe penned this paper with co-authors Dr. Brett Boyle of Saint Louis University and Jason Reese of Stephen F. Austin University. Their paper will appear in the Journal of Sports Management and Commercialization. Earlier works by Rishe in 2014 appeared in Sport Marketing Quarterly and the International Journal of Sport and Society.

In addition to his publication success, Rishe has been retained to assess the economic impact of the 2014 Quick Lane College Bowl game, which will be played in Detroit, Michigan on December 26. The City of Williamsburg, Virginia has also tendered his services to assess the economic impact of various large youth sporting events hosted by the region.

A recognized expert in the field of sports economics, Rishe continued his recent string of high-profile media engagements with an appearance on CNBC’s “Squawk Box” on November 20.  The discussion centered around recent debate regarding the merits of widespread legalization of sports betting.

Join us in congratulating Professor Rishe on these accomplishments by tweeting him @DrPatSportsBiz.

Get 24/7 Access to Technology Training Tools

On November 21, 2014, in Announcements, by Walker News

atomic-learningThrough Webster University’s partnership with Atomic Learning, an award-winning provider of online technology training and support, students can watch tutorials to learn to use assistive technology and gain educational support on more than 215 applications.  From blogging to presentations, MLA® and APA™ research-paper basics and more, Atomic Learning provides students with 24/7 access to guided step-by-step training resources.

Students can browse the Atomic Learning website by application or topic. The website provides students with support in a variety of academic areas, including learning how to:

  • Create and edit documents, presentations and spreadsheets in Google Docs,
  • Design in Dreamweaver and create in Photoshop,
  • Utilize advanced features of common apps such as Word and Excel,
  • And much more.

Atomic Learning is available to students at no cost through the Connection’s Portal. For more information, visit: http://www.webster.edu/technology/training/general-software/atomic-learning.html

 

 

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Killing Your Job Search with Inept Networking

On November 20, 2014, in Career Insight, by Walker News

handshakeDid anyone ever ask you about openings in your company?  It’s painful to say “sorry” to these people, and it’s humiliating for them to ask.  Networking for openings doesn’t work.

Well, it was OK when you were just beginning your career.  Jack got his high school stock boy job by having a friend’s dad pull strings, and Steve got a job waiting tables by walking in and asking if they needed people.  But that only works for entry-level jobs.  Once you’ve got a career in mind, it’s unlikely that your friends and acquaintances know the right people to talk to.

Person-to-person job searching is the hands-down preferred method!  The problem with this is that most people think networking works all by itself.  They’ll go to association meetings (usually made up of 40 to 60 percent job-hunters and a handful of engaged workers) and ask about vacancies or openings.  They’ll pass out their resumes on the street like flyers.  They’ll collect business cards like baseball cards, hoard them, and wish they had some realistic good reason to talk to those people.  They hope they’ll be remembered when a vacancy or opening turns up.

Then there’s networking among “primary” contacts.  Friends, relatives and acquaintances don’t like being imposed on; besides, it’s just hit or miss when you ask everyone you know about jobs.  You can quickly burn up your network instead of cultivating it.

To avoid this random, billiard-ball-style networking, you need a written and researched plan of who you want to talk to, how you can make or save them money, a firm grasp on what is going on in their industry, and a thought out rationale and method to get in to see them face to face.  You need a clear agenda for each meeting.  You must know how to milk the meeting for further contacts by knowing—at least by key information point if not by name—who else you want to talk to.

Remember, your resume is not likely to entice anyone to see you.  To generate networking interviews, you need good telephone techniques, a brief and powerful personal profile to sell your future, and you’ll need to avoid the common mistakes that kill job campaigns.  These include being “open” to any kind of job; an unplanned, unfocused search; and doing it alone.  You’re going to need support and cheerleading from friends and family to get you through the discouraging times—and don’t be afraid to get professional help to assist you in getting beyond your limiting beliefs.

Poor networking is worse than no networking Meeting people is one thing, making the correct impression is another.  Just meeting a lot of people and talking with them doesn’t necessarily mean you’re getting closer to a new job.  If people aren’t impressed or if they think you’re too arrogant, too pushy, too meek, too timid, too uninformed, not committed enough, too confused, or too anything, all that a hundred networking contacts will do is generate a hundred poor impressions.  You’ll end up burning bridges that you’ll have to rebuild later once you get your head on straight.

One client was very excited because he “knew everybody” in his industry.  When we did a candid reference check, we found out he was well-known, but for the wrong reasons.  He wasn’t famous, he was infamous!  He had to shape up in a number of areas, including going back to everyone he knew and revising the impression he’d made.

In some cases, you may not be able to repair the damage.  You never get a second chance to make a first impression.  Poorly conducted or ill-prepared networking will only make things worse every time, so it’s in your best interest to develop a strong plan for networking prior to engaging with potential contacts.

About the Author:
david hults-2014David Hults is a nationally known career coach and speaker, as well as a columnist for the St. Louis Post-Dispatch.  He holds a bachelor’s degree in Human Resources from Webster University where he also completed graduate courses toward his MBA.  Since 1987, Hults is the author of five books, a CD coaching series and has created the most sought after interview flash card set, which makes the interview simplified and painless.  His experience in human resources led him to work for Express Scripts, a Fortune 500 company, as well as one of the nation’s largest healthcare systems, BJC.  He has been coaching individuals for more than 20 years on how to break through individual roadblocks while also delivering speeches across the nation discussing how to manage change in careers and organizations today. For more information, visit his website at http://activ8careers.com

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Dr. Patrick Rishe on the Push for Sports Betting

On November 20, 2014, in In the News, by Walker News

patrick-rishe2014Patrick Rishe, PhD, professor of economics at the George Herbert Walker School of Business & Technology, discussed the likelihood of getting Federal legislation on sports gambling and the push to legalize pro sports betting on CNBC’s Squawk Sports.

Rishe described the situation as, “A fascinating economic debate,” because of the amount of money that is spent on sports betting.  During the interview, he said that about $380 billion of the 400 billion that is spent on gambling in the US is under-the-table, so there could be some upside potential for states to capitalize on the tax revenue if sports betting was legalized. On the flip side, he said that if gaming is legalized, some may shift their spending to other forms of entertainment.  Watch the interview on CNBC for more insights.

rishe-sportsbetting

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Remarks by Benjamin Ola. Akande, dean of the George Herbert Walker School of Business and Technology
November 18, 2014

Good afternoon and thank you for joining us. It’s wonderful to see so many friends in the audience. We are honored to have Ambassador and Carol Walker with us, as well as President Stroble and Walker School Advisory Board Chair Dale Cammon. It is an honor to have School of Communication Dean Eric Rothenbuhler with us. We also have Webster alumnae, Walker School faculty members, students and staff in attendance.

Over the years, the Walker School has welcomed to our campus some of the most influential leaders and opinion makers of our time to discuss important issues and topics. Today is no different. We are delighted to have with us the founders of the Stanford Institute for Innovation in Developing Economies – Bob and Dottie King. Also joining us today is the executive director of the Stanford Institute for Innovation in Developing Economies, Dr. Tralance Addy. It was just a few years ago that Bob and Dottie made a significant investment in Stanford with a $150 million gift to establish SEED.

SEED’s path from concept to reality is the result of Bob and Dottie’s vision to address poverty around the world, and through their extraordinary generosity, the establishment of the King International Experience Fund at Stanford University has successfully integrated a more globally oriented approach to its programs, thereby infusing global business perspectives and learning opportunities into the student experience.

Together with executive director Dr. Addy, the institute continues to create economic opportunities that are changing the lives of people who are living in poverty. Dr. Addy’s global leadership experience has made a compelling impact on the institute’s success.

Today, SEED’s programs support West Africa’s booming population of more than 300 million people, of which nearly 70 percent of the population is living on less than two dollars per day. Through initiatives designed to stimulate economic opportunities—including job creation—and the acceleration of new businesses, SEED is helping to bridge a critical gap in global efforts to address prosperity around the world.

Like any successful venture, SEED’s story is rooted in passion and good planning and its ambitious goal to drive entrepreneurship and innovation through on-the-ground engagements. There’s no doubt that it has the capacity to catalyze positive change for the people of West Africa.

I welcome Bob and Dottie King and Dr. Tralance Addy to Webster University. Please join me in giving them a warm welcome.